Shiba Inu Pump Ends in Classic Whales-Outsmart-Retail Scenario

The recent surge in Shiba Inu's price has ended in a classic pump and dump scenario, where large holders cashed out on retail investors. According to on-chain data from Santiment analysts, 52 whales sold their coins worth over $100,000 each within 24 hours, causing the price to plummet.

As soon as SHIB's price began climbing, social media platforms saw a surge in fear of missing out (FOMO) among retail investors. The Shiba Inu social dominance index reached its highest level since April at 0.084%. However, this enthusiasm was short-lived, and the crowd entered the market at the very top.

The influx of liquidity from retail buyers created ideal conditions for large holders to convert their holdings into cash without immediately crashing the order books. Large capital received the necessary liquidity, leaving smaller traders with losses. The Shiba Inu market remains highly centralized, with just 0.05% of wallets controlling 94.64% of the coin's total supply.